Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
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Anders Corner,, 2 bed homes
A well presented two bedroom first floor flat in a convenient residential location available through our Shared Ownership Scheme. The accommodation comprises of entrance hall, lounge,fitted kitchen, two double bedrooms and bathroom with WC. Outside there are well kept communal grounds and areas, communal bin and bike stores, an allocated parking space. The property also benefits from Combi Boiler.
Available for £105,750 for 45% share based on the marketing figure of £235,000
SO Resi Monthly payment - £452.42
Monthly Service Charge - £115.11
Total Monthly Charge - £567.53 PLUS MORTGAGE REQUIRED FOR 45% SHARE
Loft hatch and ladder
Fitted storage/utility and airing cupboards
3.22m x 4.6m plus entrance 0.95m x 1.92m
2.08m x 3.51m
Bathroom with WC
Three piece white suite
Shower over bath
3.9m x2.9m + 1.88m x 0.45m
2.83m x 2.86m +1.03m x0.63m
1 allocated parking space
Energy Rating Band - C
Environmental Impact Band - C
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.